"Fact" writes that the global oil system is being transformed, and the contradictions within OPEC are intensifying. Iraq demands a review and increase of its quota, disputing the principles of the limits. The politicization of the dispute can have serious consequences for the entire structure. B
Aghdad, as the founder and the second largest producer, justifies its position with the arguments of wars, sanctions, internal crises, demographics and investments made in the sector.
It wants the quotas to be calculated with real productivity and development needs as well. This is a challenge to Saudi Arabia's strategy of limiting supply. "Fact" notes that the growth of US shale production and the role of Russia have reduced the influence of OPEC, and the possible withdrawal of Iraq would damage the reputation of the organization.
